The US dollar traded higher against the South African rand in New York morning trading on Friday. At 11:25 am ET, the greenback dropped to a 16-day low of 7.1050 versus the rand from yesterday's New York session close of 7.1550. On the downside, 7.094 is seen as the next target level for the rand.

US Dollar vs ZAR (FX:USDZAR)
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